The Ultimate Guide To real estate agent

The Ultimate Guide To real estate agent

Blog Article

prevalent property community property intellectual property own property property harm property damage coverage property suitable property tax general public property

compare tenancy in frequent at tenancy — community property : property held jointly by husband and spouse exclusively : property Specifically from employment obtained by either husband or wife right after relationship that is certainly deemed in states using a Neighborhood property procedure to belong to the two spouses as undivided one-half pursuits

in the Company : property belonging to a specific human being — competent terminable curiosity property : property passing into a surviving spouse that qualifies to the marital deduction if the executor so elects delivering that the partner is entitled to get earnings in payments designed a minimum of per year for life Which no one has an influence to appoint any Element of the property to any person in addition to the surviving partner

see also antenuptial settlement Be aware: In the majority of states, on divorce marital property is divided In keeping with what the court docket determines is equitable. — movable property : property (as private property or crops) which might be moved — individual property : property (for a car) that is certainly movable although not which includes crops or other means nonetheless connected to land : property in addition to real property a tax on the personal property

— real property : property consisting of land, properties, crops, or other resources nevertheless connected to or throughout the land or improvements or fixtures completely hooked up for the land or maybe a structure on Furthermore, it : an desire, advantage, appropriate, or privilege in these types of property

known as also immovable property — individual property : property of the partner that isn't Group property or marital property Particularly : property obtained by a wife or husband before marriage or separately during marriage (as by present or generally by inheritance) — tangible property : property that has a tangible and corporeal existence and intrinsic economic price thanks to it the insurance coverage coverage limited property destruction coverage to tangible property

These examples are programmatically compiled from several on line sources As an example recent use of the phrase 'property.' Any views expressed from the illustrations don't represent These of Merriam-Webster or its editors. Send us suggestions about these examples.

— marital property : property obtained by possibly wife or husband over the class of the marriage which is subject matter to division on divorce

see also asset, estate, interest sense 1, possession feeling 1e — deserted property : property to which the operator has relinquished all legal rights Note: When property is abandoned, the proprietor offers up website the acceptable expectation of privateness concerning it. The finder of abandoned property is entitled to help keep it, plus a law enforcement officer may perhaps take possession of abandoned property as evidence with no violating the assurance versus unreasonable lookups and seizures within the Fourth Amendment for the U.S. Structure. — soon after-obtained property : property (as proceeds) that a debtor acquires once the commencement of the bankruptcy case and that is typically regarded Section of the individual bankruptcy estate : property obtained once the perfection of the lien or stability interest Particularly : this kind of property acquired following the development of the lien or protection fascination that may be issue into the lien or becomes collateral for the security interest : property transferred towards the estate of a decedent right after execution in the will — frequent property : property owned or utilized by more than one social gathering exclusively : property owned or leased by tenants in widespread

possession in indivision at possession Observe: The states acquiring Local community property legislation are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. — immovable property : real property With this entry precisely, during the civil regulation of Louisiana : tracts of land with their ingredient sections — intangible property : property (to be a inventory certification or Qualified license) that derives price not from its intrinsic Actual physical character but from what it signifies — intellectual property

of not conducting heat character relates to a peculiar and distinctive high quality of a thing or a category.

a : a quality or trait belonging and particularly peculiar to somebody or detail b : an outcome that an item has on A further item or to the senses c : advantage feeling 2 d : an attribute frequent to all associates of a class

a : something owned or possessed specifically : a bit of real estate b : the special correct to have, love, and eliminate a matter : possession c : anything to which someone or enterprise features a legal title d : one (for instance a performer) that's underneath agreement and whose perform is especially precious e : a e book or script acquired for publication or creation

property implies a characteristic that belongs to a detail's necessary character and will be employed to describe a sort or species.

see also QTIP rely on at rely on Notice: Below federal tax law the property needs to be A part of the gross estate on the surviving partner at his or her own Dying, wherever it truly is topic to taxation.